curious lately

10+ Year Member
7+ Year Member
Sep 13, 2007
115
3
Status
Medical Student
What do you all think? What is the max amount someone should take if they want to keep their future options open. I am an accepted student deciding between schools and packages. I have no money and my parents aren't contributing.
 

yadayadadude

10+ Year Member
7+ Year Member
Mar 11, 2005
311
4
Status
Resident [Any Field]
No one can answer this for you. If I were you, I'd make a spreadsheet to calculate a realistic estimate of the debt you'd accrue at each school -- don't forget that interest accrues during school for unsubsidized Staffords and GradPlus and interest accrues on the whole enchiladada during forbearance. Then use an online calculator (the ones at www.finaid.com are good) to get a rough feel for your likely monthly payments.

Then picture yourself writing that check every month for 30 years. Ooof.
 

loved

10+ Year Member
Aug 30, 2007
241
0
Status
Pre-Dental
Just make an estimate. If you don't use it all, you can return the remaining amount at the end of the term.